KEY POINTS
  • Russia's sovereign wealth fund RDIF said early results from its phase three clinical trial of Russia's coronavirus vaccine, called "Sputnik V," showed its efficacy amounted to 92%.
  • The announcement came two days after U.S. pharmaceutical giant Pfizer and its German partner BioNTech said their vaccine was more than 90% effective in phase three trials.
  • The Russian calculation was "based on the 20 confirmed Covid-19 cases split between vaccinated individuals and those who received the placebo."